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EU ministers reach consensus on Biotech Act directive
Amid Europe’s push to catch up in the biotechnology field, the EU health ministers agreed how to tweak rules on modified micro-organisms (GMMs) and the processing of organs.
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Property Play: The private space race is spurring a luxury hotel land grab for Florida oceanfront property
The rise of the private space industry, with companies like SpaceX and Blue Origin, has spurred demand for commercial real estate on Florida’s space coast.
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Quantum tech firm EigenQ to go public in $3 billion SPAC deal
June 17 : EigenQ will go public through a merger with blank-check company Silicon Valley Acquisition in a deal valuing the quantum tech firm at about $3 billion, they said on Wednesday.EigenQ’s core business includes making cybersecurity systems that will protect networks and devices from future attacks by po
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Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO
June 17 : Allbirds changed its name to Smartbird on Wednesday and appointed former Amazon Web Services executive Nadia Carlsten as president and CEO, cementing the former footwear maker’s pivot to an AI infrastructure firm.The company had said in April it was shifting its focus to offer cloud computing capaci
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Genspark.ai valued at $2.6 billion in latest funding round
June 17 : Technology company Genspark.ai said on Wednesday it had raised $100 million in its extended funding round that valued it at $2.6 billion.The Palo Alto, California-based company said the extension increased its total Series B financing to $485 million.The funding comes as investors continue to
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US Fed set to hold rates steady at Warsh’s first meeting in charge
WASHINGTON: The US Federal Reserve is expected to hold interest rates steady on Wednesday (Jun 17) at Kevin Warsh’s first meeting in charge of the central bank, with rate hikes potentially on the horizon to combat su
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US stocks inch higher ahead of Fed decision
NEW YORK: Wall Street stocks edged higher early Wednesday (Jun 17) as markets looked ahead to Kevin Warsh’s first Federal Reserve decision announcement as chairman and digested data showing increased US retail
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British charities lose out as under fire bookmakers drop Royal Ascot support
ASCOT, England, June 17 : British charities will lose out on almost half a million pounds in donations from Royal Ascot this year after bookmakers ended support for a major charity race initiative as the gaming sector adjusts to higher taxes and stricter oversight. Since 2021, gambling companies including Be
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What happens when a company has no bosses? A Danish firm found out
At a Danish company that runs the country’s biggest network of electric-car chargers, the CEO made himself obsolete, and more than 500 employees now share responsibility for running the business.
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Gilgo Beach serial killer Rex Heuermann sentenced to life in prison
Heuermann admitted to the gruesome murders of eight women on Long Island in New York.
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